Oak Hill Capital to buy Checkers Drive-In Restaurants for $525 mln
Oak Hill Capital Partners said March 23 that it agreed to buy Checkers Drive-In Restaurants Inc for about $525 million. Sentinel Capital Partners was the seller. Checkers, which operates under the Checkers and Rally’s banners, is a leading operator and franchisor of drive-thru hamburger quick-service restaurants. Piper Jaffray and North Point Advisors acted as financial advisors to Checkers in the transaction. Kirkland & Ellis LLP is serving as legal counsel to the Checkers. Jefferies LLC acted as financial advisor to Oak Hill in the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Oak Hill.
23 March 2017•4 mins read
